League Of Maryland Horsemen Inc
- Assets
- $210.8k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Woodstock, MD
- Founding
- 03/2011
- Data as of
- 12/2021
- EIN
- 52-6047314
Organization Overview
League Of Maryland Horsemen Inc is located in Woodstock, MD. The organization was established in 2011. According to its NTEE Classification (N50) the organization is classified as: Recreational Clubs, under the broad grouping of Recreation & Sports and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. League Of Maryland Horsemen Inc is a 501(c)(7) and as such, is described as a "Social and Recreational Club" by the IRS.
For the year ending 12/2021, League Of Maryland Horsemen Inc generated $98.3k in total revenue. The organization has seen a slow decline revenue. Over the past 7 years, revenues have fallen by an average of (0.9%) each year. All expenses for the organization totaled $84.8k during the year ending 12/2021. As we would expect to see with falling revenues, expenses have declined by (0.5%) per year over the past 7 years. You can explore the organizations financials more deeply in the financial statements section below.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Cynthia Marson Treasurer | 8.56 | $0 | |
Sherry Valente Acting Secretary | 10.38 | $0 | |
Mel Humphrey 1st Vice President | 2.88 | $0 | |
Maureen Boskin Director | 2.58 | $0 | |
Nancy Neff Secretary | 1.71 | $0 | |
Bill Houghton Director | 1.27 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $0 |
| Total Program Service Revenue | $72,851 |
| Membership dues | $24,198 |
| Investment income | $14 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $538 |
| Other Revenue | $675 |
| Total Revenue | $98,276 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $0 |
| Professional fees and other payments to independent contractors | $2,499 |
| Occupancy, rent, utilities, and maintenance | $25,068 |
| Printing, publications, postage, and shipping | $129 |
| Other expenses | $57,105 |
| Total expenses | $84,801 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $161,064 |
| Other assets | $0 |
| Total assets | $210,789 |
| Total liabilities | $0 |
| Net assets or fund balances | $210,789 |
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